The Nigerian Export Promotion Council (NEPC) has reported an impressive 24.75 percent increase in the value of the country’s non-oil exports, which reached a total of $1.791 billion in the first quarter of 2025. This marks a significant rise from the $1.436 billion generated during the same period in 2024.
Nonye Ayeni, the Executive Director of the NEPC, shared these figures with journalists in Abuja on Monday, highlighting the remarkable growth. She attributed this boost to the resilience and diversification of Nigeria’s export sector, noting that the country’s efforts to reduce its dependence on oil revenue were beginning to bear fruit.
Ayeni explained that the rise in non-oil exports was primarily driven by increased economic activity in the Agriculture, Manufacturing, and Solid Minerals sectors, all of which have contributed to the shift away from crude oil dependency.
In response to the U.S. 14 percent trade tariff, the council viewed it as a positive development for Nigeria, seeing it as an opportunity to focus on value addition and improve the country’s competitiveness in the global market.
